Yield Potential 5.6%

4 Individual Flats, Potential Yield of 5.6 %

area

240m²

total area

1295m²

Putaruru

36 Griffiths Street, Putaruru

Listed: Fri 26 Nov

$950,000

4 Individual Flats, Potential Yield of 5.6 %

This long-established property is located at the top of Griffiths Street on the northern side of Putaruru and all flats enjoy great sun reception and views of the Kaimai ranges.

Each flat is of 2 levels, with a gentle gradient stairway connecting each level.

The bottom (entry) level provides for the kitchen, lounge and dining, and laundry facility. The upper level has 2 bedrooms and the bathroom/toilet

The current rental return is $1,030 per week offering a potential 5.6% yield and the current property manager believes that $1,200 per week could be easily achieved providing official requirements are adhered to.

The property includes 4 lockable sheds (1 per unit) and 4 carport spaces.

For more information contact Don Mackenzie

Additional Info

CV: $815,000

Rates: $7,951

Don

Don Mackenzie

Licensed Salesperson

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